Taking Aim at Shares of iRhythm Technologies, Inc. (:IRTC) and Abaxis, Inc. (NASDAQ:ABAX)

Investors are sharpening their focus on shares of iRhythm Technologies, Inc. (:IRTC).  The stock saw a move of 3.27% during the latest trading session. The stock price has recently touched $62.62 which has caused investors to take a second look at company shares. 

Here we’ll take a quick glance at how the stock price is currently trading in relation to some of its simple moving averages. At current levels, iRhythm Technologies, Inc. (:IRTC) shares have been seen trading 13.28% away from the 20-day moving average. The stock has been recently separated from the 50-day moving average by 16.41%. Using a broader approach, shares have been trading 38.77% off of the 200-day moving average. After the latest check-in, company stock is 2.66% off of the 50 day high and 33.38% away from the 50 day low price.

In terms of performance, shares of iRhythm Technologies, Inc. (:IRTC) are 11.72% since the start of 2016. Over the past week, shares are 4.70%. Moving out to look at the previous month performance, the stock is at 20.10%. For the quarter, performance is at 20.12%. During the past six months, iRhythm Technologies, Inc. (:IRTC)’s stock has been 48.95% and 103.51% for the last 12 months.

Abaxis, Inc. (NASDAQ:ABAX) has moved 13.40% over the past week and is currently priced at $62.44 after moving 0.24% in the most recent session.  Despite the cheap price tag, let’s take a closer look at the recent performance and where the price is situated in comparison to its averages.

Here we’ll take a quick glance at how the stock price is currently trading in relation to some of its simple moving averages. At current levels, Abaxis, Inc. (NASDAQ:ABAX) shares have been seen trading 21.34% away from the 20-day moving average. The stock has been recently separated from the 50-day moving average by 26.46%. Using a broader approach, shares have been trading 28.88% off of the 200-day moving average. After the latest check-in, company stock is -0.86% off of the 50 day high and 38.76% away from the 50 day low price.

In terms of performance, shares of Abaxis, Inc. (NASDAQ:ABAX) are 26.09% since the start of 2016. Over the past week, shares are 13.40%. Moving out to look at the previous month performance, the stock is at 31.95%. For the quarter, performance is at 35.62%. During the past six months, Abaxis, Inc. (NASDAQ:ABAX)’s stock has been 20.73% and 26.19% for the last 12 months.

Investors are constantly attempting to find the next great stock to own. Picking the next winner to bolster the portfolio may involve some hard work and a little bit of stock market magic. Sifting through the wealth of information about public companies can be a daunting task. Many sharp investors will attack the equity markets from many different angles.

This may include keeping close tabs on fundamental and technical data. This may also include tracking analyst opinions and following what the big money institutions are buying or selling.

So, most importantly, where are shares headed from here? In order to get a sense of Wall Street sentiment, we can look to brokerage analyst estimates. On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell. Abaxis, Inc. currently has an average analyst recommendation of 3.00 according to analysts. This is the average number based on the total brokerage firms taken into consideration by Beta Systems Research. The same analysts have a future one-year price target of $47.57 on the shares.